Thai Government Unveils New Super-Cluster Policy

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Thailand’s Board of Investment Develops Super-Cluster Plan to Strengthen Business Environments in Core Industry Sectors

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The New York office of Thailand Board of Investment, Thailand’s national economic development agency, is working to support the Thai Government’s strategic Super-Cluster policy. The Super-Cluster initiative is designed to link Thailand’s industry cluster assets and strengthen the clusters by adding mission critical elements that help businesses become more efficient and competitive.

The plan calls for an increased integration of research, academic, and public-private assets into core industry cluster ecosystems, as well as adding support in areas of workforce development, infrastructure, logistics, and technology.

“Our objective is to create world-class industry ecosystems that will enable both Thai and foreign operated companies to be even more successful while operating in Thailand, “said Korbsiri Iamsuri, Director of Thailand’s Board of Investment for North America, “Our goal is to ensure that Thailand is an optimal operating environment for business and ASEAN headquarters for foreign companies.”

“Many of the core elements for the Super-Clusters already exist in Thailand,” added Iamsuri, “Our objective is to formally link them to create operating environments that will enable companies doing business in Thailand to be more successful, foster innovation, ensure their workforce needs are met, and provide them an operating platform that will help them be successful and sustain their businesses well into the future.”

In addition to providing infrastructure and operational elements of the industry ecosystems, the Thai Government is also providing incentives to further support the Super-Cluster initiative in the form of exemptions in corporate income tax, import duties, personal income tax for mission critical staff, and fast tracked work permits and visas for foreign workers.

The industries at the center of the Super-Cluster policy include:

  •     Automotive and Parts Cluster
  •     Electrical Appliances, Electronics, and Telecommunication Equipment Cluster
  •     Digital-based Cluster
  •     Eco-Friendly Petrochemical and Chemicals Cluster
  •     Food Innovation Cluster
  •     Medical Tourism Cluster
  •     Medical Devices and Manufacturing Cluster

The Thai Government is also looking to add new industries such as Robotics Automation, and Aerospace under the super-cluster policy.

About BOI
The Thailand Board of Investment (BOI) is the investment promotion agency for Thailand that facilitates foreign direct investment. BOI’s services are free of charge and customized to help business succeed in Thailand. For more information, please visit http://www.boi.go.th and http://www.thinkasiainvestthailand.com

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